Repo Clearing Service Enhancements

The Securities Clearing Center Company (Muqassa), is pleased to announce the following enhancements to its Repo Clearing Service:

• Segregated Position Account: Enables segregated position accounts to separate members clients’ accounts upon request.
• Price decimal Change:  Allows entering purchase/repurchase price up to 8 decimals (previously 3 decimals) to achieve an accurate Repo rate.
• Making and checking: This feature is a built-in control mechanism that avoids operational errors.
• Specifying new user roles: This feature determines set range of privileges that can be assigned to a user, which allows more flexibility in users’ authorities. 
• Update Order Entry Screen: enables choosing house/client position account.
• Email Notification: Notifies members for pending counterparty affirmations deals.

For more information, please visit Repo Clearing Service web page.